USD Covered Bond - COBO USD Covered Bond

ProShares USD Covered Bond seeks investment results, before fees and expenses, that track the performance of the Solactive® Diversified USD Covered Bond Index.

  • Designed to offer attractive yield potential and international diversification for investors concentrated in U.S. bonds.
  • Covered bonds have two sources of bond repayment in a default: a senior claim on the issuer and a claim to a "cover pool" of assets backing the bonds.
  • Focuses exclusively on the highest rated U.S. dollar-denominated covered bonds—substantially all of COBO's holdings are AAA-rated covered bonds.

Fund Snapshot

Ticker COBO
Intraday Ticker COBO.IV
CUSIP 74348A749
Inception Date 5/21/12
Expense Ratio * 0.35%
NAV Calculation Time 3:00 p.m. ET
Currency of Underlying Securities USD
Distributions Monthly
* With Contractual Waiver for 10/1/15 to 9/30/16.

Fund Country Weightings as of 11/25/15

CANADA 28.19%
SWEDEN 10.97%
NORWAY 9.00%
FRANCE 3.07%

Fund SEC Yields as of 10/31/15

SEC 30-Day Yield 1.11%
SEC 30-Day Yield (Unsubsidized) -1.11%

Fund Characteristics as of 10/31/15

Distribution Yield 1.22%
12-Month Yield 1.17%
Weighted Average Yield to Maturity 1.58%
Modified Duration 2.56

Price Information as of 11/25/15

NAV $100.85
NAV Change $0.00
Market Price Closing $98.64
Market Price Closing Change $0.00
Daily Trading Volume 0